Here are Tuesday’s biggest calls on Wall Street:

Bernstein reiterates Apple as outperform
Bernstein said its checks show iPhone sales growth remains strong for Apple. “Global iPhone sell-through remained strong in August, with revenue +13% YoY, and all markets delivering positive growth. This is driven by both unit volumes growth and ASP growth.”

Wells Fargo reiterates Alphabet as overweight
Wells raised its price target on Alphabet to $417 per share from $411. “Expect strong quarter highlighted by Cloud revenue growth +142% y/y vs. +82% last qtr with core cloud, ex-TPU system sales, +81%. Search revs solid though decelerating. Post Gemini 4 model launch, Google must address consumer agent oppty & threat.”

Wells Fargo reiterates Meta as overweight
Wells raised its price target on Meta to $1,000 per share from $796. “View enthusiasm for Muse product cycle as warranted. However, expect 3Q call commentary to offer proper dose of caution for those expecting Muse financial contributions in ’27. Street ’27 EPS likely falls on higher OpEx but see as trough cycle EPS.”

Goldman Sachs reiterates SpaceX as buy
Goldman raised its price target on SpaceX to $230 per share from $220. “...and believe that AI segment estimates still look relatively conservative (relative to Street estimates) over the next 6-18 months absent a correction across the broader AI operating landscape.”

Morgan Stanley reiterates SpaceX as overweight
The firm said a company name change by SpaceX could be “highly important.” “While seemingly insignificant or unrelated, we view such developments as part of a pattern where the efforts of the broader Muskonomy are seen as highly important for the rebuilding of domestic manufacturing and defense capability.”

Citi reiterates AMD and Nvidia as buy
Citi said it’s sticking with Nvidia shares and raised its price target on AMD to $800 per share from $575. “We raise AMD TP to $800 as the primary CPU beneficiary given, Meta, is one of the largest customers of AMD’s server business. We reiterate Buy on NVDA w/$315 TP on GPU demand uplift.”

Mizuho reiterates AMD as outperform
Mizuho raised its price target on AMD to $705 per share from $580. “Raise PTs for AMD (OP) to $705 from $580, SNDK (OP) to $2,050, and DELL (OP) to $650, INTC (N) to $114 from $92, and SMCI (N) to $43 from $35.”

Goldman Sachs reiterates Netflix as buy
Goldman lowered its price target but says investors should keep buying shares of Netflix. “While acknowledging the investor debates and stock underperformance YTD, we reiterate our Buy rating on the shares and lower our 12-month price target from $94 to $90 to reflect estimate adjustments.”

Berenberg downgrades Nike to sell from hold
Berenberg said it sees too many negative catalysts. “Nike appears to have accepted a smaller place in sportswear. While the performance business continues to work, the larger, less-differentiated sportswear category continued to bleed in Q127, driving the guided high-single-digit-percentage FY27 sales decline.”

Wells Fargo upgrades Cleveland-Cliffs to overweight from equal weight
Wells said its upgrade is “tactical” in nature. “We consider this upgrade a tactical call, as we think the steel pricing cycle is near a peak, but benefits to CLF have lagged.”

B. Riley upgrades Skyworks Solutions to buy from hold
The firm said it sees an “interesting entry point.” “On Monday 10/5 BMO, Skyworks Inc. (SWKS — Neutral to Buy, PT from $68 to $107) closed the Qorvo deal three months ahead of initial expectations, but on terms as announced with immediate EPS accretion and strong cost synergies we suspect have upside.”

Citi upgrades JetBlue to neutral from sell
Citi upgraded the stock on valuation. “We upgrade JBLU from Sell/HR to Neutral/HR primarily as a result of the significant decline the stock has experienced since our downgrade to Sell/HR on August 7th.”

William Blair initiates Lattice Semiconductor as outperform
The firm said the semiconductor company has plenty of upside. “Lattice supplies low-power programmable silicon to over 11,000 customers across data center, communications, industrial, automotive, and embedded markets.”